# Demand draws surprise drop in old crop stocks – AgriNews

> USDA's July WASDE cut old-crop US corn ending stocks to 1.877 billion bushels, about 250 million below trade expectations. The report raised feed and residual use by about 75 million bushels and exports by 75 million bushels, and new-crop corn carryout also came in below expectations.

- Date: 2024-07-16 · published 2024-07-16T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/7101-demand-draws-surprise-drop-in-old-crop-stocks-agrinews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A large unexpected drop in old-crop corn stocks driven by stronger demand tightens nearby supplies and supports corn prices, which raises feed costs.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-11 | [Old-Crop Corn Stocks Surprise of WASDE Report \| Feed & Grain](https://feedsoft.ai/events/46505-old-crop-corn-stocks-surprise-of-wasde-report-feed-and-grain.md) | -6.1% | -4.6% |
| CORN | 2017-05-10 | [USDA lowers old crop corn, soybean stocks on good demand - Brownfield Ag News](https://feedsoft.ai/events/70887-usda-lowers-old-crop-corn-soybean-stocks-on-good-demand-brownfield-ag-news.md) | +0.3% | +2.4% |
| CORN | 2019-09-30 | [Stocks Surprise and Residual Reflections](https://feedsoft.ai/events/57010-stocks-surprise-and-residual-reflections.md) | -0.9% | +1.1% |
| CORN | 2024-07-12 | [July WASDE Surprises Trade With Old Crop Ending Stocks Reductions](https://feedsoft.ai/events/7099-july-wasde-surprises-trade-with-old-crop-ending-stocks-reductions.md) | -2.4% | -2.7% |
| CORN | 2025-06-12 | [USDA Lowers Old and New Crop U.S. Corn Ending Stocks](https://feedsoft.ai/events/24165-usda-lowers-old-and-new-crop-u-s-corn-ending-stocks.md) | +0.0% | -4.5% |

## Sources

- agrinews-pubs.com: https://www.agrinews-pubs.com/business/2024/07/16/demand-draws-surprise-drop-in-old-crop-stocks/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.